Thursday, October 9, 2014

OK, let's see how this Cam Hui fellow's prediction works out

Indeed, the chart of the CRB Index below shows that it is testing support and starting to move off an oversold reading. These conditions are classic setups for a commodity rally.

As well, the price of gold is also showing a similar pattern of a successful test of support and an upturn in the 14-week RSI.

Kinda seems like he's ringing a bell here. Let's see how his prediction goes.

After all, I just finished reading a blog post from a certain swarthy gentleman of our acquaintance, who pointed out that the Shanghai exchange's continued strength is putting the lie to the idea that Chinese resource demand should be going down.